latin Archives - Page 10 of 19 - Tyrepress

Posts

Watts Tyre Group Creates New Latin American Business Unit

Watts Tyre Group, the UK-based industrial tyre and wheel producer has announced the creation of Watts America Latina, a new business unit to service the Latin American market (excluding Brazil and Mexico where the group has existing business operations). Watts America Latina is headquartered in Montevideo, Uruguay and is headed by director General Carlos Correia. The business services container customers across the region as well as sales from a warehouse operation from which pallet orders can be satisfied enhancing product availability.

11th February 2010/by Tyrepress Editors

What's in a Name Change? Continental Tire the Americas Explains

Previously known as Continental Tire North America, the new name for the passenger, light truck and commercial vehicle tyre divisions in the region is now Continental Tire the Americas LLC. The change was made to better reflect the growth of the tyre maker in both North and South America, the company said this week.

9th February 2010/by Tyrepress Editors

Pirelli Negotiated the Crisis Year Well – Holds Potential for Further Growth

During the global recession and financial crisis of 2009, tyre manufacturer Pirelli negotiated the challenges thrown at it better than expected and in doing so proved it is what many companies only claim to be: a storm-proof edifice. A crucial factor in this was its very solid manufacturing network. In Europe the output from factories in Italy and other West European sites are supplemented by deliveries from Romania and Turkey. North and Latin America are largely supplied with products from Brazil, and in China Pirelli erected a truck tyre plant and subsequently established site a passenger car tyre facility at the same site.

3rd February 2010/by Tyrepress Editors

Lanxess Celebrates Five Years as Listed Company

February 1 marks the fifth anniversary of specialty chemicals group Lanxess debuting on the Frankfurt Stock Exchange, and the company reports that some 14,600 employees around the globe will mark the occasion. The first price quoted for Lanxess shares on January 31, 2005 stood at 15.75 euros. Five years later, on February 1, 2010, the opening price was 27.42 euros.

1st February 2010/by Tyrepress Editors

Bridgestone Group Companies Donate to Haiti Relief Efforts

Bridgestone Corporation, together with two of its subsidiaries, Bridgestone Americas and Bridgestone de Costa Rica is donating a total of approximately seven million yen (more than US$75,000) to assist with relief efforts following the January 12 earthquake in Haiti. Bridgestone will donate 2.5 million yen (approximately US$27,000), through the Japanese Red Cross Society. Bridgestone Americas, through the Bridgestone Americas Trust Fund, will donate 2.25 million yen (US$25,000) to the relief efforts through the Clinton Bush Haiti Fund.

21st January 2010/by Tyrepress Editors

Alliance Appoints Former Goodyear Exec

Alliance Tire Group has appointed Manuel Pintado as president of Alliance Tire Europe BV. Pintado, who joins Alliance after previously heading industrial, farm and OTR tyre initiatives for Goodyear’s Europe Middle East and Africa region. Prior to this, Pintado held management positions in the Earthmover tyre segment across Europe and Latin America.

"With the commissioning of our India facility and the acquisition of the Galaxy and Primex brands during 2009, the Alliance Tire Group is well positioned to emerge as a leader in the Global Off-Highway tyre industry; Manuel's appointment is another important step in this direction and we are sure the Group will benefit immensely from his leadership in Europe, which has been historically the most important market for the Group " said Yogesh Mahansaria, CEO of the Alliance Tire Group, welcoming him to the company.

14th January 2010/by Tyrepress Editors

Trelleborg to Invest in Brazil Automotive Seals Plant

As part of its long-term strategy of investing in markets offering favourable growth potential, Trelleborg has announced plans to further strengthen its presence in Brazil. On November 16 the company inaugurated a new facility near São Paulo, where the manufacture of high-performance seals for such items as aircraft and passenger cars, as well as for industrial applications, will take place. The plant is part of the Trelleborg Sealing Solutions business area and will initially employ about 100 staff.

17th November 2009/by Tyrepress Editors

Toyo Sales Drop 25% in H1 FY2009

Toyo Tire & Rubber remained in the red during the first half of the current financial year, recording a net loss of 1,976 million yen (£13.24 million). Sales during the six months to September 30 dropped 25.0 per cent year-on-year to 129,609 million yen (£868.25 million), and operating loss amounted to 1,300 million yen (£8.71 million), compared with an operating income of 1,177 million yen in the first half of the 2008 financial year. The company’s tyre business unit generated 74.0 per cent of the company’s entire sales and posted a first-half net turnover of 96,001 million yen (£643.11 million) – a 21.6 per cent decrease from a year earlier.

9th November 2009/by Tyrepress Editors

US’s Lucy’s Tire Expanding Product Mix to Performance Tyres, Wheels as Falcon Tire

Based in Florida, Lucy's Tire Inc began life in 1985, specialising in the sale of industrial and OTR tyres to Central and South America and the Caribbean, but has now expanded its range to include truck, agricultural and high performance tyres and wheels, the last of which it distributes through its Falcon Tire tyre centres throughout its home state.

12th October 2009/by Tyrepress Editors

New Nexen President Opens Middle East Office in Dubai

No sooner had Travis Kang been appointed to the position of President of Nexen Tire (on 5 January), than he set off on visits to strategic markets such as the US, France, Saudi Arabia, Hong Kong, China – reportedly visiting each a few times. After one such week-long visit to the Middle East markets, he made a proposal to company executives: “After seeing the market of Middle East, I truly believe Dubai is the bridgehead for the new market. Let’s open a branch there immediately.”

Nexen Tire Dubai covers the strategic markets of Dubai, Saudi Arabia, Iran and North African markets. The Dubai branch opened in August, just four months after the initial proposal was made.

29th September 2009/by Tyrepress Editors

Mauro Pessi New CEO Pirelli North America

Mauro Pessi is taking over from Hugh Pace as CEO of Pirelli Tire North America. Pace is retiring after having been chairman and CEO of the company for nearly three years. Pessi will assume the position of CEO effective 1 October 2009. Pessi has had a long association with Pirelli, most recently having served as VP sales and marketing and then CEO, Latin American operations. He rejoins The Pirelli Group after his departure in 2008 to become CEO at Brembo.

16th September 2009/by Tyrepress Editors

Tire Group International Opens Santiago, Chile Office

Tire Group International (TGI) has opened a new sales office in Santiago, Chile in a continuation of its marketing and distribution expansion strategy in Latin America and the Caribbean. The new office will be led by Gonzalo Miño Fourines who joins TGI with over 25 years experience in the tyre and automotive industries. Miño’s CV includes work with General Motors Chile SA, DIASA SA and Neumaticos de Chile SA.

“TGI has been very successful in implementing its marketing strategy in targeted countries throughout Latin American and the Caribbean. With Gonzalo’s broad tyre industry experiences, we fully expect to continue leveraging our successes in order to further expand our presence throughout the region. Gonzalo brings a unique skill-set within sales and marketing where we feel he’ll deliver immediate benefits as he promotes our brands and the wide array of solutions and services TGI offers”, said Orlando Delgado, Tire Group International’s Senior Vice President of Business Development.

24th June 2009/by Tyrepress Editors

Lanxess Underpins its BRIC Strategy with Two Acquisitions

Lanxess is currently in the process of acquiring two new companies in Asia. And while, admittedly, these new acquisitions will not deal directly with the firm’s tyre industry chemical supply business, Lanxess says the purchase “is underpinning its long-term growth strategy in the BRIC countries.” The companies to be acquired by Lanxess are India’s Gwalior Chemical Industries Ltd, which comes with an 82.4 million euro price tag, and Chinese company Jiangsu Polyols Chemical Co Ltd, which is to be acquired for an undisclosed sum.

“These acquisitions in India and China are further milestones in our company’s long-term growth strategy in the BRIC countries,” said Axel C. Heitmann, chairman of Lanxess’s Board of Management. “Gwalior’s business complements the portfolio of our Basic Chemicals business unit and our first acquisition in India will strengthen our production base in this exciting market.”

10th June 2009/by Tyrepress Editors

Michelin Execs Apparently on Missing Flight

Various news reports say that at least two, maybe three – Groupe Michelin executives were aboard an Air France flight that disappeared en route from Brazil to France on Monday.

Dow Jones reports that two executives – the head of Latin American operations and a computing manager for Brazil – were on the Air France Airbus A330 that disappeared over the Atlantic just hours after taking off from Rio de Janeiro. Meanwhile, AFP reported that a third Michelin executive from its corporate offices in France was also on the flight.

Officials say that the flight apparently lost all electronics after hitting a sudden, unexpected storm, knocking out its communications and radar devices. Currently, search teams are scouring the Atlantic off the South American coast. (Tire Review/Akron)

2nd June 2009/by Tyrepress Editors

First Quarter Delivered ‘Unprecedented’ Low Demand, Says Rhodia

In reporting Rhodia’s first quarter 2009 results, company chairman and CEO Jean-Pierre Clamadieu has reflected upon a difficult three-month period. “As anticipated, we faced in the first quarter unprecedented low levels of demand,” said Clamadieu. “This, combined with the absorption of costly raw material inventories, resulted in a major adverse impact on profitability.”

6th May 2009/by Tyrepress Editors